No more ETH dumps? Ethereum Foundation turns to DeFi for cash

The Ethereum Foundation (EF) has borrowed $2 million in GHO, a decentralized stablecoin developed by Aave, in a move signaling deeper engagement with decentralized finance (DeFi) strategies. In a May 29 X post, Aave founder Stani Kulechov said the foundation borrowed $2 million in GHO tokens. “The EF is not only supplying ETH to Aave, …

Donut Labs raises $7M to launch first ‘agentic’ crypto browser

New York-based Donut Labs has raised $7 million in a pre-seed funding round to build what it claims is the world’s first “agentic” crypto browser — a tool designed to help users interact with blockchain-based applications using artificial intelligence. The round was led by Sequoia, Bitkraft and HackVC, with participation from angel investors including Solana …